First Quadrant L P CA lessened its stake in United Continental Holdings Inc (NASDAQ:UAL) by 18.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,719 shares of the transportation company’s stock after selling 1,700 shares during the period. First Quadrant L P CA’s holdings in United Continental were worth $267,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of United Continental by 2.7% in the 1st quarter. Geode Capital Management LLC now owns 3,727,217 shares of the transportation company’s stock valued at $117,431,000 after purchasing an additional 98,134 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of United Continental by 12.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,071,644 shares of the transportation company’s stock valued at $65,360,000 after purchasing an additional 221,656 shares during the period. Morgan Stanley lifted its stake in shares of United Continental by 198.2% in the 1st quarter. Morgan Stanley now owns 2,066,739 shares of the transportation company’s stock valued at $65,207,000 after purchasing an additional 1,373,783 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of United Continental by 16.2% in the 1st quarter. Thrivent Financial for Lutherans now owns 1,234,440 shares of the transportation company’s stock valued at $38,947,000 after purchasing an additional 172,254 shares during the period. Finally, Norges Bank acquired a new position in shares of United Continental in the 4th quarter valued at about $93,549,000. 85.13% of the stock is currently owned by institutional investors.
UAL has been the topic of a number of research reports. TheStreet downgraded United Continental from a “c-” rating to a “d+” rating in a research note on Friday, May 1st. UBS Group lowered their price objective on United Continental from $41.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Credit Suisse Group lowered United Continental from an “outperform” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Friday, June 12th. Deutsche Bank reduced their target price on United Continental from $60.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Raymond James lowered United Continental to a “sell” rating in a report on Friday, June 5th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. United Continental currently has a consensus rating of “Hold” and an average target price of $61.75.
Shares of UAL opened at $31.38 on Friday. The business’s 50-day moving average price is $34.52 and its 200-day moving average price is $44.39. United Continental Holdings Inc has a twelve month low of $17.80 and a twelve month high of $95.16. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 2.32.
United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($9.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($9.13) by ($0.18). United Continental had a negative return on equity of 15.01% and a negative net margin of 5.25%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $4.21 EPS. As a group, equities research analysts forecast that United Continental Holdings Inc will post -22.29 EPS for the current year.
In other news, Director Edward Shapiro sold 157,707 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $33.26, for a total transaction of $5,245,334.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.
United Continental Company Profile
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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